Upcoming ICO: PlayChip limbers up for impending ICO

By: Alison Bishop
Alison Bishop
Alison is our leading cryptocurrency ICO reporter, boasting a technical development background and over 6 years working with blockchain… read more.
on Nov 7, 2018
Updated: Sep 19, 2019

PlayChip has set out to turn the global gaming and eSports economy on its head and has already achieved agreements with large operators. The team behind PlayChip says it will have a combined user base of over one million, alongside a $430 million turnover in 2018.  

‘Fair and transparent gaming’

The concept behind the platform began when PlayUp, a global fantasy sports platform established in 2014, implemented blockchain to create the ‘next generation global payment and rewards system’.  Heading up the team is Daniel Simic, CEO. He said about PlayChip: “We’ve been working hard on this platform for a while now and it’s great that it has come to fruition. We firmly believe in the benefits that decentralization can bring, not only to payment solutions but also fair and transparent gaming.”

PlayChip benefits

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

PlayChip says it has three major benefits it can provide for users. Firstly, it offers larger rewards thanks to the global nature of the platform, secondly, it highlights the blockchain as a means of creating more trust and transparency in its offering and it also states that a ‘significant number of playchips’ will be used to incentivize players to grow the PlayChip ecosystem.  

The PlayChip team

As well as being led by Daniel Simic, in October, Brett King, an Australian businessman who fronts a FinTech radio program, was appointed to the advisory board alongside Cryptyk CEO Adam Weigold, Scott Wenkart, MD of Showdown and Dr Stephane Savannah, blockchain specialist and professional speaker. Cricket and rugby legends, Brett Lee and Wendell Sailor are ambassadors.

ICO details

The ICO will start on November 21st and last just one week until November 28th. The total amount of tokens for sale is 6,250,000,000 and the initial token price is $0.0100. Accepted currencies are BTC, USD and ETH and the token exchange rate is 1 PlayChip (PLA) = USD 0.01. To find out more about the PlayChip ICO and register your interest, visit the website.





Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
67% of retail CFD accounts lose money